Senate passes bill to lock in postal rates

Published on April 03, 2003.

New York--The U.S. Senate passed a bill Wednesday night that would, if signed into law, lock in current postal rates until 2006.

The freezing of postal rates would save the b-to-b publishers that are members of American Business Media about $60 million in mailing costs between 2004 and 2006, according to the groupâs president-CEO Gordon Hughes.

The U.S. House of Representatives was expected to consider a nearly identical bill on Thursday, and Hughes expects that measure to pass as well.

âThis wonderful outcome is in no small part due to the efforts of many American Business Media members who answered the call to contact their members of Congress,â Hughes said in an e-mail to the ABMâs membership.